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    <title>Factors to be taken into account while adjudging quantum of penalty</title>
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    <description>Adjudication of quantum of penalty must consider three primary factors: the quantifiable disproportionate gain or unfair advantage from the default; the loss caused to an investor or group of investors due to the default; and the repetitive nature of the default. An accompanying explanation mandates that an adjudicating officer&#039;s power to assess penalty quantum under the related penalty provisions be exercised in accordance with these factors, ensuring consistent application of these criteria.</description>
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      <description>Adjudication of quantum of penalty must consider three primary factors: the quantifiable disproportionate gain or unfair advantage from the default; the loss caused to an investor or group of investors due to the default; and the repetitive nature of the default. An accompanying explanation mandates that an adjudicating officer&#039;s power to assess penalty quantum under the related penalty provisions be exercised in accordance with these factors, ensuring consistent application of these criteria.</description>
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